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LATEST NEWS

Dubai’s private sector growth slow down

18/08/2018
Business conditions in Dubai’s private sector improved at a slowest rate in three months, with growth moderating in each of the three broad sectors surveyed, according to Emirates NBD Dubai Economy Tracker Index. Nonetheless, output continued to improve, stimulated by a further expansion in new orders. Business confidence towards future growth prospects remained strongly positive, but also softened to a three-month low.

UAE’s non-oil private sector growth slows down, says Emirates NBD UAE PMI

18/08/2018
The headline seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index (PMI) – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – fell to 55.8 in July, from 57.1 in June and the lowest reading in three months.

Bayut.com parent company raises $50 million funding

16/08/2018
Emerging Markets Property Group (EMPG), the parent company of vastly successful property portals in the MENA and South Asia regions, said, it has wrapped up a first close of $50 million as part of a substantially larger investment round.

Nakheel plans Dh3bn hospitality turnover

16/08/2018
Dubai’s leading master property developer Nakheel, which has developed a large part of the new Dubai’s urban communities including the world’s first two palm-shaped islands, is investing Dh5 billion (US$1.4 billion) to expand its hospitality portfolio that will increase its current hotel inventory of 623 rooms in two hotels to 6,500 hotel rooms in 18 hotels by 2022 and help the developer generate up to Dh3 billion additional recurring income, a top official told Gulf Property in an exclusive interview.

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Cityscape Global 2018
Cityscape Global 2018 is the largest and most influential real estate investment and development event for emerging markets globally. Bringing together investors, developers, government officials and real estate professionals, there is no better place to find investment opportunities and new business partners. Read More...
Aldar starts delivering West Yas homes
Aldar Properties said, it has begun the handover process for the first 300 homes West Yas, the island’s first villa community. The community retail plaza, which includes the first Spinneys supermarket on Yas Island, is now open. Read More...
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